Dicks Sporting Goods Inc (DKS) Holdings Raised by Spark Investment Management LLC

Spark Investment Management LLC grew its holdings in Dicks Sporting Goods Inc (NYSE:DKS) by 400.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 426,491 shares of the sporting goods retailer’s stock after acquiring an additional 341,291 shares during the quarter. Dicks Sporting Goods accounts for approximately 0.7% of Spark Investment Management LLC’s holdings, making the stock its 28th largest holding. Spark Investment Management LLC owned 0.40% of Dicks Sporting Goods worth $12,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DKS. Stifel Financial Corp boosted its holdings in Dicks Sporting Goods by 95.1% in the second quarter. Stifel Financial Corp now owns 17,012 shares of the sporting goods retailer’s stock worth $683,000 after acquiring an additional 8,294 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Dicks Sporting Goods by 480.4% in the second quarter. Janus Henderson Group PLC now owns 24,485 shares of the sporting goods retailer’s stock worth $975,000 after acquiring an additional 20,266 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Dicks Sporting Goods by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 130,095 shares of the sporting goods retailer’s stock worth $5,182,000 after purchasing an additional 1,994 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Dicks Sporting Goods by 56.3% in the second quarter. Public Employees Retirement System of Ohio now owns 60,311 shares of the sporting goods retailer’s stock worth $2,402,000 after purchasing an additional 21,718 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of Dicks Sporting Goods by 3.9% in the second quarter. Lord Abbett & CO. LLC now owns 209,300 shares of the sporting goods retailer’s stock worth $8,336,000 after purchasing an additional 7,900 shares during the last quarter. 75.63% of the stock is owned by institutional investors and hedge funds.

DKS has been the subject of several research analyst reports. BMO Capital Markets restated a “buy” rating and issued a $37.00 price objective on shares of Dicks Sporting Goods in a research note on Thursday, November 2nd. Forward View upgraded Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, November 16th. Citigroup upgraded Dicks Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $35.00 in a research note on Tuesday, December 19th. Deutsche Bank upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $39.00 in a research note on Friday, January 12th. Finally, Buckingham Research upgraded Dicks Sporting Goods from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. Dicks Sporting Goods has an average rating of “Hold” and a consensus price target of $33.88.

Dicks Sporting Goods Inc (DKS) opened at $32.84 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3,527.11, a P/E ratio of 12.12, a P/E/G ratio of 1.92 and a beta of 0.61. Dicks Sporting Goods Inc has a 12-month low of $23.88 and a 12-month high of $52.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be given a $0.225 dividend. The ex-dividend date is Thursday, March 8th. This is a boost from Dicks Sporting Goods’s previous quarterly dividend of $0.17. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.74%. Dicks Sporting Goods’s payout ratio is 25.09%.

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Dicks Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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